§ 195.20. Dissolution of authority; disposition of property.

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Should the authority for any reason be dissolved after full payment of all bonded indebtedness incurred under the provisions of this Act [division], both as to principal and interest, title to all property of any kind and nature, real and personal, held by the authority at the time of dissolution shall be conveyed to DeKalb County; or title to any such property may be conveyed prior to such dissolution in accordance with provisions which may be made therefor in any resolution or trust instrument relating to such property, subject to any liens, leases, or other encumbrances outstanding against or in respect to said property at the time of such conveyance.

(Acts 1996, p. 4216, § 20)

                    
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